Indépendance et Ex.SICAV-France Small A/  LU0131510165  /

The objective is to invest in shares of small- and mid-cap French companies, selected in particular for their low valuation and high profitability, with the aim of increasing the portfolio"s capital value. This objective is linked to a non-financial approach that takes environmental, social and governance (ESG) criteria into account. The non-financial objective is to contribute to the Product"s sustainable performance, by identifying (i) best practices of companies that can promote sustainable performance and (ii) risks to which they are exposed. In compliance with the requirements of the Directive, the investment policy of the Product consists of purchasing shares in French small- and mid-cap companies, whose headquarters or decision-making bodies are located in France, which are listed on Euronext or have France as their core market, whose stock market capitalisation is less than or equal to the highest stock market capitalisation of the CAC MID & SMALL NR index and whose valuation is low despite having a return on equity and/or capital that is greater than that of the market, and selling them gradually when they no longer meet these criteria. The Product invests at least 75% of its assets in shares of listed companies whose registered office is in France and at least 10% of its assets in French very small enterprises ("TPE"), small and medium-sized enterprises ("SME") or intermediate-sized enterprise ("ETI").

The objective is to invest in shares of small- and mid-cap French companies, selected in particular for their low valuation and high profitability, with the aim of increasing the portfolio"s capital value.